MetLife to Acquire BBVA’s Chilean Pension Business for Approximately $2 Billion by EON

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NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) announced today it has entered into a definitive agreement with BBVA to acquire AFP Provida S.A. (“Provida”), the largest private pension fund administrator in Chile. Under the terms of the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida, and BBVA has agreed to transfer its 64.3% stake to MetLife. Assuming all publicly-held shares are tendered, the purchase price, which MetLife will fund a style

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